Question
Tag Corp. reported the following amounts (in millions) in a recent Form 10-K. Total assets $44,553 Total liabilities 28,322 Total noncurrent liabilities 15,545 Total stockholders'
Tag Corp. reported the following amounts (in millions) in a recent Form 10-K.
Total assets $44,553
Total liabilities 28,322
Total noncurrent liabilities 15,545
Total stockholders' equity 16,231
Total earnings 1,971
Interest expense 1,130
Net earnings before taxes and interest 3,583
The company's times interest earned ratio is
A. 3.17.
B. 2.74.
C. 2.17.
D. 1.74.
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Auditing And Assurance Services
Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau
8th International Edition
1260570517, 978-1260570519
